Re: Taxes question on investing with poker money
I'm pretty well versed on the investment side of things, taxes is where my trouble lies. However I'm thinking of investing in index funds in a general account not IRA, my thinking is I would like to have some money when I get out of college while I search for a job, furnish an apartment/house etc. Does that make sence, or do most people still feel an IRA would be best?
My parents are paying for my college (dorm, books, food), I have scholarships to cover tuition, and they dont itemize on taxes. Would it be beneficial for me to then "pay" for it myself so I can deduct that from winnings maybe (while letting them just transfer the funds into my bank)?
Also I'm not clear on how bonuses should be claimed, is there a book or some site that has tons of info on this.
|